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Search Results 0 to 4 of about 5 (some duplicates have been removed)
Feb 7, 2013 9:00pm PST
general eric schneiderman, co-chair of a new state-federal working group that included the department of justice, the sec and others. >> ...complaint for secuties fraud against jpmorgan chase as successors to bear stearns and company and emc mortgage corporation. >> narrator: although the case centered on bankers' fraudulent and deceptive practices, no individuals were named. the suit was a civil, not criminal, case. >> smith: and you've alleged in the case of bear stearns that they passed these things on knowingly, intentionally, knowing they were bad? >> yes. we think the facts, as alleged in our complaints, make it very hard to conclude that by 2006 d 20 theolks at the banks did not know what was going on, and that they were putting more and more bad loans into these securities. >> smith: i guess i still don't understand. if this was so clear and so intentional and so many commissions and hearings brought this forward, why is this taking so long? >> you know, it's... it's hard for me to address the specifics of what happened before i got here. believe me, we've moved as fast as we
FOX Business
Feb 8, 2013 4:00pm EST
's subsidiary. >>> new york attorney general eric schneiderman investigating three ratings agencies following the government's lawsuit against s&p. reports say schneiderman issued a s&p to s&p and sent request for information to moody's and fitch ratings. >>> china auto sales setting a monthly record in january. the china association of automobile manufacturers reporting sales surged 46% to more than 2 million vehicles. >>> the newspaper union that fought tribune over a $67 million executive bonus proposal is asking the court to order tribune to pay the legal fees the fees total $358,000. >>> financial services going public in hopes to raise $290 million. they are filed documents for a initial public offering. that is today's speed read bus bus. david: bingo. right on the mark. home sales rose in 2012 to a five-year high. rates on a 30-year fixed mortgage have been attractive. the fed argued that robust housing market will bleed into all other sectors of the economy. why not join the crowd? our next guest says if you do you will join a crowd of lemmings going off a cliff. former reagan budget
Feb 14, 2013 5:00pm PST
in which to bring cases. you know, the task force you talked about did virtually nothing. eric schneiderman, full disclosure. friend of mine, the current a. g. in new york. there is some element of frustration that washington has not but the re-- put the resources or energy that needed to be there. the public at large should be outraged disgusted. justice department failed. they simply -- whether it is walmart, news corp. bankers they focused instead on baseball players taking steroids. this made no sense. and they simply failed to make the case. >> john: i would like to ask why you think the white house didn't get behind prosecution but that's a whole other interview. i hope you'll come back. s&p, do you have any opinion on the lawsuit the government has filed? >> it was a good case. it was a good case five years later than it should have been. it was the sort of case that could have been brought should have been brought against other organizations where you dig into the e-mails. this is what we were doing 12 years ago. read what people thought. what they thought was not what they said in
Feb 12, 2013 9:00am PST
. eric schneiderman has gone and tried to make his case. he is a friend of the show. there is the infrastructure bank that he has talked about that used to have some version of bipartisan support. there is going to be a certain amount of political posturing that he will be doing in this speech. >> yes. i think what i'm taking from this conversation really is that, again, this is a terrible time for a dysfunctional gridlock government. if there ever was a good time, it's not a time when you have the problems of the magnitude that we have right now. all the things that you listed that the president has proposed many my view not as a democrat, but as an economist in my view are important things for the economy, and infrastructure banks, for example, that uses public and private funding to help support our decaying infrastructure. certainly stimulus spending -- yesterday janet yellin, the vice chair of the federal reserve, not a partisan, just straight down the line technician on the economy said, you know what's the biggest headwind blowing back against the economic gro
Search Results 0 to 4 of about 5 (some duplicates have been removed)